Catapult CEO Will Lopes steers toward $40 billion sports analytics market
Lopes says the sports tech company plans to capitalise on its momentum, with his successful turnaround driving the stock to eight-year highs.
As Catapult trades near eight-year highs on the back of bumper half-year results, CEO Will Lopes is eyeing a $40 billion opportunity in sports analytics.
Designing wearables and video technology for elite athletes and professional sports teams, Lopes told Capital Brief that he would prefer to invest heavily into the company's product line rather than look to acquisitions.
“We want to ensure that we build a cash balance from organic growth that allows us to basically step away from using a debt facility for working capital — but I think we still have a little bit of ways to go on that front,” Lopes said.
“As our revenue continues to grow. I think we will continue to pump that into R&D so we can start to build the next generation of products.”
